Financial Express
- May 5

Mutual Fund SIP to get Rs 20 lakh: Know how much time and investment it may take

Mutual Fund SIP calculation: Starting a monthly Systematic Investment Plan (SIP) in mutual funds is considered a good way for generating wealth in the long term. With the help of SIP, you can make a disciplined investment with a fixed amount on a monthly, weekly, bi-monthly, quarterly, half-yearly or yearly basis.

Here’s a look at how much time and investment it may take to get Rs 20 lakh from your monthly SIP investment, assuming 12% annual returns, as per FundsIndia’s ‘Wealth Conversations Report’ for April 2023.